On-line since: About the company: Rietumu FX is a brokerage company offering almost 60 currency pairs as well as precious metals and commodities for trading. Rietumu FX is an affiliated company of the Latvian Rietumu bank created in 1992. The broker is regulated by the Financial and Capital Market Commission of Latvia (FCMC). As the majority of European financial market regulators, FCMC has a set of rules and requirements for organizations controlled by them, such as keeping customers' funds in segregated accounts and participation in compensation programs. Generally, all Forex brokers operating in Latvia should also be regulated by FCMC. Rietumu FX mainly looks for customers from France, Germany and China (besides Latvia). Trading terms Rietumu FX has two account types: silver and gold. Trading terms of both accounts are quite similar, except for spreads. The silver trading account features higher spreads, while the gold one has lower spreads, but commission is charged. Unlike many Forex brokers, Rietumu FX does not provide a free demo account. Minimum deposit Rietumu FX requires the $1,000 minimum deposit both for private and corporate clients. Spreads and commissions Rietumu FX provides floating spreads on both trading account types. Spread for the most traded currency pair EUR/USD starts from 3.4 pips. The spread is higher than the overall average of 1.5 points for floating spreads. The gold account spreads are well lower. They start from 0.1 pips and make up about 0.4 points for EUR/USD. But commission is charged on this account. Leverage The highest value reaches 1:100. According to the information on the website, this leverage is intended for accounts with a balance of less than $250,000. Trading platform Rietumu FX confirms that it offers the Rietumu FX trading platform, but actually it is MetaTrader 4 with all its opportunities, instruments, graphical and technical analysis as well as desk, web, and mobile versions. MT4 has been in existence for more than 10 years and has been used by hundreds of brokers and thousands of traders all over the world. The platform is stable and reliable and has many functions, it offers API interface, supports PAMM and MAMM functions, and has a wide range of technical means for analysis and charting. It is also user-friendly. The platform supports expert advisors, automated trading, and hedging. The QUIK trading platform is another offer of the broker, thanks to which customers can trade on the Moscow exchange (MOEX). Support services The company is accessible 24 hours per day by phone, chat and e-mail. Payment options We could not find any payment method on the Rietumu FX website. We have to assume that at least it accepts bank wire, especially given that it is a subsidiary of the bank. Advantages:
Disadvantages:
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I can say that Rietumu FX is a broker that has very strong signal platform and fast in providing customer support. Usually I trade $100 and the profit more then 30% from it, its so big for new trader like me I think it's because their lot only 0.01. And during trading, the platform never disconnect or requote. Beside that, they also approved my trading and processing it so quick so my account is available to make deposit and request for withdrawal anytime. Their execution is pretty fast no more than 2 secs and I got profit about 6 hours later in my bank account. I think every trader, beginner or professional should join Rietumu FX.
I can say that Rietumu FX is a broker that has very strong signal platform and fast in providing customer support. Usually I trade $100 and the profit more then 30% from it, its so big for new trader like me I think it's because their lot only 0.01. And during trading, the platform never disconnect or requote. Beside that, they also approved my trading and processing it so quick so my account is available to make deposit and request for withdrawal anytime. Their execution is pretty fast no more than 2 secs and I got profit about 6 hours later in my bank account. I think every trader, beginner or professional should join Rietumu FX.
I deposited the minimum amount at Rietumu FX. So far, my trading experience is good. I am able to trade without delays and the customer support team is highly responsive. They really make sure to address every concern of their clients.
I have been trading with Rietumu FX for four months in recent times I am facing withdrawal difficulty with them. I was invested $2500 and made profit of $1458 during this period. Due to my money need for my personal urgency, I have been submitted withdrawal request of $1000 through bank wire 22 October 2020 from my profit. However, I did not get my withdrawal yet, I have contact many times via email and they said that I have to wait. I already asked several times to them I need reason about delay but they did not give me exactly reason. Is there someone who have experiencing same problem with Rietumu FX broker?
Rietumu FX has been in the industry for a long time now and this is also the broker that my relatives use. It was only two years ago when I started my own account and I naturally opened with this broker as well. No wonder why my uncle and cousins chose this broker. This company has a smooth-running platform with fixed and low trading spread. My trading activities are going smoothly thanks to their amazing trading environment.
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